AI
Wednesday, June 23, 2004 8:57:39 AM
Segmentz, Inc. Enters into Agency Agreement with Temple Trucking Services, Inc.
Tuesday June 22, 12:09 pm ET
Agreement to Add Approximately $6.5 Million in Annualized Revenues
TAMPA, Fla.--(BUSINESS WIRE)--June 22, 2004--Segmentz, Inc. (AMEX: SZI - News), announced today the signing of an agency agreement with Indiana-based Temple Trucking Services, Inc. to provide cartage services in multiple cities throughout the Midwestern United States.
This relationship is expected to yield $6.5 million in annualized revenues and an estimated $500,000 to 600,000 in annualized pre-tax income.
The agency relationship with Temple Trucking Services, Inc. will facilitate a cost-effective expansion for the expedited delivery network of Segmentz. Additionally, Temple Trucking will now exclusively handle local cartage services in the Louisville market for Segmentz, allowing for the reduction of fixed costs associated with both terminal and line haul operations. These synergies are expected to yield an increase in the profit margins of each respective company.
Allan Marshall, Chief Executive Officer of Segmentz, Inc., commented, "We are excited about the newly formed partnership with Temple Trucking. Temple's dependable industry reputation and coverage area will allow our customers both expanded offerings and enhanced service. This relationship will allow both companies to continue working on load optimization which in our business determines the ultimate profitability. Furthermore, should all the synergies we anticipate materialize, Segmentz has the option to purchase Temple and make the arrangement another permanent member of our rapidly growing company."
Paul Temple, President of Temple Trucking Services, Inc. commented, "The alliance with Segmentz allows us to offer new points of service while increasing utilization on routes in each city we currently serve. There are many opportunities for both companies in the Midwestern market and we look forward to working with the Segmentz team to improve both companies profitability and offer additional services to our respective customers."
About Temple Trucking Services, Inc.
Temple Trucking specializes in regional and dedicated cartage services. The Company currently provides cartage services in Indianapolis, Warsaw, IN, Champagne, IL, Grand Rapids, MI and Louisville, KY. Additionally, Temple Trucking provides scheduled line haul and expedited delivery service. The Company began operations in 1972 and is headquartered in Indianapolis, Indiana.
About Segmentz, Inc.
Segmentz, Inc. is a provider of transportation and logistics management services to its target client base, ranging from mid-sized to Fortune 100 companies. The Company's services include regional trucking, time definite transportation, dedicated delivery and supply chain management services. The Company operates a network of terminals in the Southeast and Midwest United States. The Company is dedicated to providing services that are customized to meet its client's individual needs and flexible enough to cope with an ever-changing business environment. Segmentz, Inc. is publicly traded on the American Stock Exchange under the symbol SZI.
Forward-Looking Statements
This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties. Factors that could cause actual results to differ materially from those predicted in any such forward-looking statement include our ability to continue to lower our costs, our timely development and customers' acceptance of our transportation products, including acceptance by key customers, pricing pressures, rapid technological changes in the industry, growth of the transportation and third party logistics market, increased competition, our ability to attract and retain qualified personnel, our ability to identify and successfully consummate future acquisitions; adverse changes in customer order patterns, adverse changes in general economic conditions in the U.S. and internationally, risks associated with foreign operations and political and economic uncertainties associated with current world events. These and other risks are detailed from time to time in Segmentz periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its report on Form 10-KSB for its fiscal year ended December 31, 2003.
--------------------------------------------------------------------------------
Contact:
Hayden Communications, Inc.
Investor Relations: Mark McPartland, 843-272-4653
or
Segmentz, Inc.
Allan Marshall, 813-989-2232, ext. 224
Peter Lynch owns 8.5% of SZI:
http://www.sec.gov/Archives/edgar/data/1166003/000090873704000006/segmentz_13g.txt
in @ 1.49-1.50
rollin'
Tuesday June 22, 12:09 pm ET
Agreement to Add Approximately $6.5 Million in Annualized Revenues
TAMPA, Fla.--(BUSINESS WIRE)--June 22, 2004--Segmentz, Inc. (AMEX: SZI - News), announced today the signing of an agency agreement with Indiana-based Temple Trucking Services, Inc. to provide cartage services in multiple cities throughout the Midwestern United States.
This relationship is expected to yield $6.5 million in annualized revenues and an estimated $500,000 to 600,000 in annualized pre-tax income.
The agency relationship with Temple Trucking Services, Inc. will facilitate a cost-effective expansion for the expedited delivery network of Segmentz. Additionally, Temple Trucking will now exclusively handle local cartage services in the Louisville market for Segmentz, allowing for the reduction of fixed costs associated with both terminal and line haul operations. These synergies are expected to yield an increase in the profit margins of each respective company.
Allan Marshall, Chief Executive Officer of Segmentz, Inc., commented, "We are excited about the newly formed partnership with Temple Trucking. Temple's dependable industry reputation and coverage area will allow our customers both expanded offerings and enhanced service. This relationship will allow both companies to continue working on load optimization which in our business determines the ultimate profitability. Furthermore, should all the synergies we anticipate materialize, Segmentz has the option to purchase Temple and make the arrangement another permanent member of our rapidly growing company."
Paul Temple, President of Temple Trucking Services, Inc. commented, "The alliance with Segmentz allows us to offer new points of service while increasing utilization on routes in each city we currently serve. There are many opportunities for both companies in the Midwestern market and we look forward to working with the Segmentz team to improve both companies profitability and offer additional services to our respective customers."
About Temple Trucking Services, Inc.
Temple Trucking specializes in regional and dedicated cartage services. The Company currently provides cartage services in Indianapolis, Warsaw, IN, Champagne, IL, Grand Rapids, MI and Louisville, KY. Additionally, Temple Trucking provides scheduled line haul and expedited delivery service. The Company began operations in 1972 and is headquartered in Indianapolis, Indiana.
About Segmentz, Inc.
Segmentz, Inc. is a provider of transportation and logistics management services to its target client base, ranging from mid-sized to Fortune 100 companies. The Company's services include regional trucking, time definite transportation, dedicated delivery and supply chain management services. The Company operates a network of terminals in the Southeast and Midwest United States. The Company is dedicated to providing services that are customized to meet its client's individual needs and flexible enough to cope with an ever-changing business environment. Segmentz, Inc. is publicly traded on the American Stock Exchange under the symbol SZI.
Forward-Looking Statements
This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties. Factors that could cause actual results to differ materially from those predicted in any such forward-looking statement include our ability to continue to lower our costs, our timely development and customers' acceptance of our transportation products, including acceptance by key customers, pricing pressures, rapid technological changes in the industry, growth of the transportation and third party logistics market, increased competition, our ability to attract and retain qualified personnel, our ability to identify and successfully consummate future acquisitions; adverse changes in customer order patterns, adverse changes in general economic conditions in the U.S. and internationally, risks associated with foreign operations and political and economic uncertainties associated with current world events. These and other risks are detailed from time to time in Segmentz periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its report on Form 10-KSB for its fiscal year ended December 31, 2003.
--------------------------------------------------------------------------------
Contact:
Hayden Communications, Inc.
Investor Relations: Mark McPartland, 843-272-4653
or
Segmentz, Inc.
Allan Marshall, 813-989-2232, ext. 224
Peter Lynch owns 8.5% of SZI:
http://www.sec.gov/Archives/edgar/data/1166003/000090873704000006/segmentz_13g.txt
in @ 1.49-1.50
rollin'
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All posts are strictly my opinion and are not buy or sell recommendations.
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